Energy Transition: Policy, Financial, and Business Interactions

Catalog description

The course utilizes discussions, presentations, research papers, and simulations to explore the policy, financial, and business implications, opportunities, and risks, of climate change, specifically the energy transition to a low-carbon economy. We will explore potential public policies in the context of their business impacts, effectiveness, and political viability. How does different policy design encourage distinct long-term pathways within a highly capital-intensive industry? What industries are most impacted by a transition to a lower carbon economy? How do incentives and structures influence business actors toward a smoother transition, or wasted capital expenditures, and stranded assets? Are financial markets pricing in an energy transition? What is the role of financial and market regulators in ensuring long-term beneficial capital allocation? With an industry in decline, what are the business strategy options for the management of a fossil fuel producer? What are the policy, financial, and business implications for clean energy firms, electric vehicle manufacturers, and the metals and mining industry? Additional readings, research, and presentations are required of Master's students.